Movado Group Inc reports results for the quarter ended January 31 - Earnings Summary

• Movado Group Inc MOV.N reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 55 cents. The lone analyst forecast for the quarter was for earnings of 39 cents per share.

• Revenue rose 1% to $181.48 million from a year ago; analysts expected $181.63 million.

• Movado Group Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $8.05 million.

• Movado Group Inc shares had fallen by 21.8% this quarter and lost 33.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the apparel & accessories peer group is also "buy"

• Wall Street's median 12-month price target for Movado Group Inc is $31.50

This summary was machine generated from LSEG data April 16 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)